Vanguard Group Inc. Sells 231,574 Shares of Regency Centers Corporation $REG

Vanguard Group Inc. trimmed its stake in shares of Regency Centers Corporation (NASDAQ:REG) by 0.8% in the third quarter, HoldingsChannel reports. The firm owned 27,862,215 shares of the company’s stock after selling 231,574 shares during the quarter. Vanguard Group Inc. owned 0.15% of Regency Centers worth $2,031,155,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Norges Bank acquired a new stake in shares of Regency Centers during the 2nd quarter worth about $1,219,335,000. Massachusetts Financial Services Co. MA acquired a new position in shares of Regency Centers in the third quarter valued at approximately $107,144,000. Amundi increased its stake in shares of Regency Centers by 91.4% during the second quarter. Amundi now owns 1,530,276 shares of the company’s stock worth $108,344,000 after purchasing an additional 730,730 shares during the period. State Street Corp lifted its holdings in Regency Centers by 2.2% during the 2nd quarter. State Street Corp now owns 12,035,961 shares of the company’s stock worth $865,625,000 after purchasing an additional 262,551 shares during the last quarter. Finally, Russell Investments Group Ltd. grew its holdings in Regency Centers by 80.8% in the 2nd quarter. Russell Investments Group Ltd. now owns 581,710 shares of the company’s stock valued at $41,403,000 after buying an additional 259,898 shares in the last quarter. 96.07% of the stock is currently owned by institutional investors and hedge funds.

Regency Centers Stock Up 0.1%

Shares of REG opened at $75.81 on Friday. The firm has a 50 day simple moving average of $71.37 and a two-hundred day simple moving average of $71.20. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.05 and a quick ratio of 1.20. Regency Centers Corporation has a one year low of $63.44 and a one year high of $78.18. The company has a market cap of $13.87 billion, a P/E ratio of 27.08, a P/E/G ratio of 3.26 and a beta of 0.94.

Regency Centers Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 1st. Investors of record on Wednesday, March 11th will be paid a $0.755 dividend. The ex-dividend date of this dividend is Wednesday, March 11th. This represents a $3.02 annualized dividend and a yield of 4.0%. Regency Centers’s dividend payout ratio (DPR) is 107.86%.

Analysts Set New Price Targets

REG has been the subject of a number of recent research reports. Morgan Stanley reissued an “overweight” rating and issued a $85.00 target price on shares of Regency Centers in a research report on Monday, January 5th. Mizuho reiterated a “neutral” rating and issued a $74.00 price objective (down previously from $77.00) on shares of Regency Centers in a research note on Friday, January 9th. Argus upgraded shares of Regency Centers to a “strong-buy” rating in a research report on Wednesday, November 5th. Weiss Ratings upgraded shares of Regency Centers from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday. Finally, Truist Financial reduced their price target on Regency Centers from $81.00 to $77.00 and set a “buy” rating on the stock in a research report on Tuesday, November 18th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and nine have issued a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $78.79.

Regency Centers Company Profile

Regency Centers Corporation is a publicly traded real estate investment trust (REIT) specializing in the ownership, operation and development of grocery-anchored shopping centers. Focused on everyday needs retail, the company’s portfolio is strategically concentrated in high-growth, densely populated markets across the United States. By aligning its properties with essential retailers, Regency Centers delivers stable income streams and drives sustained value for shareholders.

Founded in 1963 and headquartered in Jacksonville, Florida, Regency Centers began as a single shopping center developer before evolving into one of the largest owners of grocery-center real estate.